Finance

Elon Musk Takes on Short Sellers Ahead of Earnings

Elon Musk Takes on Short Sellers Ahead of Earnings

Tesla ended the second quarter with US$2.78 billion in cash after spending US$609.8 million in quarterly capital expenses. Despite its emphasis on cost controls, analysts remained mixed on whether ...

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USA sanctions Turkish officials over pastor's detention

USA sanctions Turkish officials over pastor's detention

Turkey blames Brunson for collaborating with American-based cleric Fethullah Gulen and the Kurdistan Workers' Party for trying to overthrow the government. Late on Wednesday, Turkey's foreign mini...

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Harley Davidson to launch new Pan America adventure bike

Harley Davidson to launch new Pan America adventure bike

According to Harley Davidson , the bike will have a commanding riding position which will allow the rider to "see the world from another point of view", while having the ability to "travel coast-to-c...

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Facebook's Mark Zuckerberg under pressure from shareholders

Facebook's Mark Zuckerberg under pressure from shareholders

The plaintiff, James Kacouris, filed the lawsuit Friday seeking class action status and to recover damages. Facebook remains a quickly growing company that sees its revenues increase by over 30% y...

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Facebook just had the worst day in stock market history

Facebook just had the worst day in stock market history

Revenue increased 42 per cent to US$13.2 billion, missing the US$13.3 billion Wall Street consensus. Still, investors weren't prepared for numerous bombshells dropped by Facebook Chief Financial...

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Oil jumps on Saudi Arabia shipping lane attack, WTI back over $70.00

The Bab al-Mandab Strait, one of the world's busiest shipping routes, is the southern entrance to the Red Sea. The tankers pass near Yemen's shores while heading from the Middle East through the...

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The Winklevoss twins' bitcoin ETF was rejected

The Winklevoss twins' bitcoin ETF was rejected

By 15:30 UTC, the bitcoin price had punched past $8,100 and had ultimately risen as high as $8,216 by the time of writing at 15:56 UTC. Hester Peirce, an SEC Commissioner objects the second reje...

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Mega Millions $522M ticket sold at liquors store in San Jose

Mega Millions $522M ticket sold at liquors store in San Jose

That means despite Tuesday's jackpot being smaller, the victor will still take home a higher sum of money. Tickets for Mega Millions are valid for one year from the drawing date. The cash value of t...

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'It worries me': Farmers on tariff relief

'It worries me': Farmers on tariff relief

Agriculture Secretary Sonny Perdue says the plan will help a broad number of farmers deal with the cost of "disruptive markets" as US trading partners have retaliated for President Donald Trump's tari...

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Facebook just lost more than $100 billion off its value

Facebook just lost more than $100 billion off its value

Facebook's stock tumbled more than 23 percent in after-hours trading, erasing more than $120 billion in market value in less than two hours. It was the company's first full quarter following the ...

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Former Ferrari boss Marchionne dies

General Motors CEO Mary Barra, whom Marchionne tried unsuccessfully to persuade to enter into a merger, sent condolences to his family, friends and Fiat Chrysler colleagues and praised his "remar...

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Focus on Trump's meeting with European Commission President Juncker - Deutsche Bank

Focus on Trump's meeting with European Commission President Juncker - Deutsche Bank

The aid is meant to protect the industry as countries raise taxes on U.S. products such as soybeans in response to the president's new tariffs. It will also purchase surpluses of commodities including...

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Trump tweets tariffs ‘are the greatest’ and threatens additional levies

Trump tweets tariffs ‘are the greatest’ and threatens additional levies

The proposal to stabilize farmers, some of whom have watched prices tumble amid ongoing trade disputes, is a recognition that Trump's tariffs are having a short-term impact on the agriculture sector...

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Satellite images suggest North Korea dismantling key rocket launch site

Satellite images suggest North Korea dismantling key rocket launch site

An official from South Korea's presidential office on Tuesday said Seoul has also been detecting dismantlement activities at North Korea's Sohae launch site but did not elaborate. A rocket launch fr...

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Tesla says supplier discount request was for ongoing projects

Tesla says supplier discount request was for ongoing projects

The memo was reportedly sent by a global supply manager, and notes the request is essential to Tesla's continued operation, describing it as an investment in the vehicle company to continue the long...

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Asian stocks ease, dollar near two-week lows on Trump comments

Asian stocks ease, dollar near two-week lows on Trump comments

In the past two days - since Trump said in an interview with CNBC on Friday that he was ready to take a more aggressive approach by imposing tariffs on US$500 billion worth of Chinese products - nei...

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With eye on 2019, government slashes GST rates on 100 items

With eye on 2019, government slashes GST rates on 100 items

In March 2017, MP Sushmita Dev had petitioned then finance minister Arun Jaitley, Minister for Health and Family Welfare JP Nadda and Minister For Women and Child Development Maneka Gandhi to have s...

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European Union hits Google with record fine

European Union hits Google with record fine

But in a 2016 investigation, the European Commission concluded that the way it went about that was illegal. The European Commission accuses Google of using its position in the market to impose unfair ...

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Musk Tweets Hurt Tesla Stock, Again

Musk Tweets Hurt Tesla Stock, Again

Asked by Australia's Channel 7 News on Monday whether he was considering taking legal action , the British caver Vernon Unsworth quickly replied. Musk called Unsworth a " pedo ", or pedophile,...

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USA lifts export ban on suppliers to China's ZTE

USA lifts export ban on suppliers to China's ZTE

A photograph circulating among employees around midnight showed ZTE's new chief executive and 10 other managers each giving a thumbs-up to the news, which was flashed on a screen at the company , acc...

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USA proposes tariffs on $200 billion more in Chinese imports

USA proposes tariffs on $200 billion more in Chinese imports

The first USA tariff list focused on Chinese industrial products, an attempt to reduce the direct impact on American consumers. The Chinese government said the U.S. Administration officials said a two...

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US tariffs take effect, China announces retaliation

US tariffs take effect, China announces retaliation

Trump has for years slammed what he describes as Beijing's underhanded economic treatment of the United States in terms of trade, with the U.S. trade deficit in goods with China ballooning to a rec...

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EU 'possibly as bad as China' on trade

He has also stepped up attacks on the European Union via Twitter and at his public rallies. That comment seemed to refer less to the US mid-term elections and more to Mexico's vote on Sunday that ...

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Amazon Prime Day Will Be July 16th But Some Deals Start Today

Amazon Prime Day Will Be July 16th But Some Deals Start Today

Prime members in the USA will be able to dave an additional 10% at their local Whole Foods Markets by downloading the Whole Foods Market app and scanning the Prime Code. Members will also receive e...

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Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

The United States exited from the nuclear deal between Iran and world powers in May and said it would reimpose economic sanctions on the Islamic republic and its business partners by 4 November. "We h...

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